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Showing posts with the label Saving vs. Spending

Is Owning a Car in Kenya a Necessity or a Financial Trap?

In Kenya, owning a car is often seen as a major milestone—a sign that one has “made it.” But is a car truly a necessity, or is it sometimes a financial burden disguised as progress? With rising fuel costs, expensive maintenance, and the reality of Nairobi’s notorious traffic, does car ownership always make sense? Let’s break it down with real numbers and scenarios. When Owning a Car Makes Sense Your Commute is Expensive or Inconvenient If you spend more than KES 20,000 per month on transport due to long commutes or unreliable matatu routes, owning a car might actually save you money. Professionals working in industrial areas, EPZs, or locations with limited public transport options may benefit from a car. Your Work Requires It If your job involves frequent travel (sales, medical reps, site visits), a car may be necessary to maintain efficiency. Business owners transporting goods regularly may find a car (or even a small van) more cost-effective than hiring transport services. You Have ...